China fined a top social media influencer $16 million for tax evasion. It’s the regime’s latest punishment of the country’s top online personalties and part of its nationwide crackdown on the livestreaming industry. On June 16, Fuzhou Municipal Taxation Bureau of Jiangxi Province announced online that it ordered Xu Guohao to pay 108 million yuan…
Chinese Influencer Fined $16 Million for Tax Evasion, as the Regime Tightens Control of Livestreaming Industry
June 18, 2022
admin
ChinaChina Business & EconomyChina Human RightsChinese Regimeinfluencersocial controlSocial IssuesSpecial Topicstaobaotax evasion
0 Comment
Hong Kong IPO Volumes Tumbled 92 Percent, PwC Cuts HK IPO Forecast by Half
PricewaterhjouseCoopers (PwC) noted Hong Kong’s IPO fund raising activities slowed down in the first half of this year. The total fund-raising amount reached HK$ 17.1 billion (about $2.2 billion) and is expected to contract by 92 percent year on year. Due to factors that contribute to increasing uncertainty, including the continued outbreak of COVID, geopolitical…
China’s Northeastern Black Soil Grain Field Is Alarmingly Depleted
The fertile black soil in northeastern China, which the Chinese grain community relies on, is in an alarming state of degradation due to over-use. Chinese researchers recently admitted that the area has lost a huge chunk of its productivity. It is the most important grain commodity base in China, affecting the country’s food security. This…
Top E-commerce Live-streaming Host Luo Yonghao Left the Platform Like Other Influential Celebrities
Luo Yonghao, a famous live streamer selling tech and home products online, withdrew from the online business after more than two years of success in Chinese e-commerce. Experts believe that the Party’s political taboos have made him quit just as other influential hosts have. Luo started his e-commerce live streaming business in 2020, after his…
Top E-Commerce Livestreaming Host in China Left the Platform
Luo Yonghao, a famous livestreamer selling tech and home products online, withdrew from the online business after more than two years of success in Chinese e-commerce. Experts believe that the Party’s political taboos have made him quit just as other influential hosts have. Luo started his e-commerce livestreaming business in 2020, after his smartphone company…
Fire Breaks Out at Sinopec Shanghai Petrochemical Plant
A fire broke out at a Sinopec Shanghai Petrochemical Co. Ltd. plant in Shanghai early on Saturday, killing one person, the company said. Roaring fire was seen engulfing part of a sprawling factory, emitting columns of thick black smoke, in a video by the fire department showed. The fire at one of China’s biggest refining…
COVID-19 Outbreak in Beijing Rapidly Spreads, Causing Shutdowns of Famous Business and Tourist Areas
June 17, 2022
admin
CCP VirusChinaChina Business & EconomyChinese RegimeHouhaiHuguo TempleINSIDE CHINAShichahaisocial controlSocial IssuesSpecial TopicsZhongnanhai
0 Comment
The outbreak of COVID-19 in a bar in Beijing’s commercial area has rapidly spread in the capital city, including to the district where the Chinese regime’s central governmental departments are located, and has caused the lockdown of famous tourist areas in the city center. Since last week, the outbreak at Paradise Supermarket Bar in Chaoyang…
Nearly 25 Percent of US Firms in Shanghai Shrink Investment Plans due to COVID Lockdowns: Report
The 2-month lockdown in Shanghai is revealing its economic impact as about one quarter of American companies have reduced their investment size, according to the American Chamber of Commerce (AmCham) in Shanghai. An AmCham June survey shows that 25 percent of consumer and service companies have reduced their investment plans, as have 20 percent of…
China to Miss Boom in Asia Buyout Deals Despite Likely Easing of Crackdown
June 16, 2022
admin
Business & MarketsbuyoutChinaChina Business & EconomyeconomyIPOMarketsmergers and acquisitionsPrivate Equity
0 Comment
HONG KONG—Buyout funds are set to extend a record spending spree in Asia to the rest of the year but they will be mostly seeking deals outside China, where concerns about the economy are likely to outweigh any easing of a regulatory crackdown, dealmakers said. Private equity mergers and acquisitions (M&A) activity in Asia, not…
Blinken’s China Policy Speech Censored by Chinese Communist Party: US Ambassador
June 16, 2022
admin
ambassadorAsia & PacificblinkenCCPcensorshipChinaChina Business & EconomyChinese RegimeUSUS-China relationsWorld
0 Comment
The Chinese Communist Party (CCP) censored U.S. Secretary of State Antony Blinken’s China Policy speech in early June, according to the U.S. ambassador to China. “We put the speech on Weibo and WeChat and it was censored in about two and a half hours, just taken away,” said Amb. Robert Nicholas Burns. “But it was…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta